This study surveys the literature examining the privatization of state-owned enterprises
(SOEs) We review the history of privatization, the theoretical and empirical evidence on the …

This paper discusses evidence on the short-run and long-run performance of companies
going public in many countries. Differences in average initial returns are analyzed in terms …

The process of change from a centrally planned system to a market economy generates an
institutional framework that is only partially reformed, and therefore inconsistent and …

Large-scale privatization has been at the core of economic reform in most transition
economies, except China, since 1990. Privatization creates special challenges for …

This paper examines the change in the financial and operating performance of 79
companies from 21 developing countries that experienced full or partial privatization during …

This study compares the pre‐and postprivatization financial and operating performance of
85 companies from 28 industrialized countries that were privatized through public share …

This study extends the international evidence on initial public offerings (IPOs) and is the first
comprehensive analysis examining new issues in the Latin American countries of Brazil …

The effect of government ownership on firm performance remains a controversial issue,
especially in a transitional economy like China. Government ownership is typically viewed …

We investigate the role of ownership structure and investor protection in postprivatization
corporate governance. Using a sample of 209 privatized firms from 39 countries over the …

In many countries throughout the world, regulators are struggling to determine whether and
how to introduce competition into regulated industries. This essay examines the …